In this latest announcement, public-listed Omesti and Foster Moore International will use the latter's proprietary electronic registry solution, Catalyst, across Asean and beyond.

As well as better transparency, the implementation offers other benefits such as cost-savings and operational efficiencies, while complying with local statutory legislation.

Unified system should transform the landscape

This unified registration and reporting system will also deliver improved data access, enhanced functionality and streamlined operations for agencies and end-users, added the partners.

Omesti is implementing the system regionally in territories that include - but are not limited - to Singapore, Hong Kong, Vietnam, Myanmar and Malaysia.

To date, the solution has been used in many territories including North America, Africa, the Middle East and Labuan.

In many of the implementations mentioned above, the partners said that "a typical project involves the deployment of an integrated business registry management solution in full compliance with local statutory requirements. This enables digital management of the entire process of company registration, statutory filing and other corporate reporting."

Commenting on this announcement, Omesti executive director Gerard Monteiro said: "As stakeholders everywhere push for greater transparency and access to corporate information, the implementation of such a robust solution like Catalyst will transform the business landscape."

Foster Moore's chief executive Joel Foster added: "We are impressed with Omesti's skillset, experience and culture. Their track record in areas such as eCOURTS, in Malaysia, demonstrates their ability to work with clients to improve service delivery through the application of software."

Matt Ritchie, trade commissioner, New Zealand Trade & Enterprise, said that the formation of this corporate registry partnership was "particularly relevant coming in the year that New Zealand marks the 60th anniversary of bilateral relations with Malaysia."

"This anniversary is a chance to reflect on what we have achieved together and look forward to a vibrant partnership in the future," said Ritchie. "The tie-up between Foster Moore and Omesti is a good example of the promising future ahead."